05/10/2011 02:02 am ET | Updated Jul 09, 2011

Presenting The World's Biggest Art Prize: The £175,000 Gulbenkian

The biggest art prize in the world is launched tomorrow, with a shortlist of potential winners that is almost certain to cause controversy. Called simply the Gulbenkian, the £175,000 award is worth more than four times the Turner Prize and outstrips the US-based ArtPrize, previously the world's largest, at $250,000 (£153,000).

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